15 Apr 2009 Fairfax's Prem Watsa Says Credit-Default Swap Gains Are ‘History’ ( Portfolio )
Fairfax will continue to invest in equities such as Wells Fargo & Co., Johnson & Johnson and Kraft Foods Inc. Watsa said he also likes U.S. Bancorp...

“Stock prices are reflecting a lot of the pessimism that people see,” Watsa told reporters after the meeting. “We are liking stocks because a lot of it is discounted already.”